Financial roundup
Today's top business stories from Singapore, Asia, and the world. -AsiaOne
Wed, Oct 15, 2008
AsiaOne
SINGAPORE
He had proposed to, and paid the deposit for a Vietnam bride. But with the stock crash, half his life savings were wiped out - so he pulled the plugs on his wedding plans... more
Expats in banks here likely to lose perks
Generous company perks that range from housing allowance to country-club membership might be taken away... more
Better to invest in new bathroom than in stocks
The average person can't be bothered about the stock market - and some even take a perverse pleasure from the market's decline... more
Tycoons take a bath as markets run dry
Thirteen titans have shed at least $6.7 billion in net worth since the start of the year... more
ASIA
Southeast Asian nations and their dialogue partners have agreed to create a standby liquidity fund for the region... more
The recovery will take longer, be more difficult and certainly cannot be taken lightly, said Hong Kong chief executive Donald Tsang... more
Philippines braces for job cuts
Its govt is working on a contingency plan for a possible wave of overseas Filipino workers who may lose their jobs amid the global financial crisis... more
International institutions pledge bailout package for Pakistan
Advisor to Pakistani PM confident that package will sustain the country's economy... more
WORLD
Politicians and newspaper commentators are beginning to echo many public comments about the cost to taxpapers.... more
Financial markets suggest the Fed will lower its benchmark fed funds rate by one-quarter point at its Oct 28-29 policy meeting, to 1.25 per cent... more
US to pump $365b into banks » Video
But data showed the threat of recession has not been banished even if a financial-sector meltdown has... more
Countries line up for IMF help
Hungary, Ukraine, Serbia and Iceland all signalled to the IMF... more
» Video: Iceland negotiates loan in Moscow
New rules limiting executive payouts at US banks participating in a federal cash infusion plan may not rein in CEO compensation at all because the language is vague and subject to government interpretation, critics say... more